Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.79B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$576M |
| 3 |
Microsoft
MSFT
|
+$546M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$436M |
| 5 |
JPMorgan Chase
JPM
|
+$324M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$2.48B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.73B |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$765M |
| 4 |
Apple
AAPL
|
+$656M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$526M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.7% |
| 2 | Consumer Discretionary | 1.66% |
| 3 | Financials | 1.18% |
| 4 | Communication Services | 1.07% |
| 5 | Healthcare | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1526
NIO
NIO
$11.2B
| $24.4M | 0.01% |
2,522,936
-2,123,254
| -46% | -$18M |
|
|
CFLT
1527
CALL
DELISTED
Confluent
CFLT
| $24.4M | 0.01% |
690,600
+131,100
| +23% | +$3.67M |
|
1528
PUT
Realty Income
O
$59.5B
| $24.4M | 0.01% |
407,400
-58,700
| -13% | -$3.58M |
|
1529
PUT
BRC Group Holdings
RILY
$290M
| $24.3M | ﹤0.01% |
529,300
+157,700
| +42% | +$5.55M |
|
1530
British American Tobacco
BTI
$122B
| $24.3M | ﹤0.01% |
732,317
+575,546
| +367% | +$19.7M |
|
1531
PUT
Corning
GLW
$127B
| $24.3M | ﹤0.01% |
693,200
+300,600
| +77% | +$9.88M |
|
|
CPE
1532
CALL
DELISTED
Callon Petroleum Company
CPE
| $24.3M | ﹤0.01% |
692,500
+153,100
| +28% | +$5.12M |
|
1533
PUT
Kinder Morgan
KMI
$68.9B
| $24.2M | ﹤0.01% |
1,407,900
-130,900
| -9% | -$2.22M |
|
1534
VanEck Junior Gold Miners ETF
GDXJ
$10B
| $24.2M | ﹤0.01% |
679,464
-394,543
| -37% | -$15.3M |
|
1535
HCA Healthcare
HCA
$92.8B
| $24.2M | ﹤0.01% |
79,824
-30,767
| -28% | -$8.55M |
|
1536
CALL
Nutanix
NTNX
$18B
| $24.2M | ﹤0.01% |
863,400
-218,900
| -20% | -$5.81M |
|
1537
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$284M
| $24.2M | ﹤0.01% |
52,392
+44,936
| +603% | +$36.1M |
|
1538
Royal Caribbean
RCL
$78.2B
| $24.2M | ﹤0.01% |
233,423
-258,952
| -53% | -$20.3M |
|
1539
PUT
Southern Company
SO
$103B
| $24.2M | ﹤0.01% |
344,400
-260,200
| -43% | -$18.7M |
|
1540
Canadian Solar
CSIQ
$970M
| $24.2M | ﹤0.01% |
624,616
+80,497
| +15% | +$3.12M |
|
1541
American Airlines Group
AAL
$9.23B
| $24.1M | ﹤0.01% |
1,344,725
-2,614,641
| -66% | -$38.3M |
|
1542
FirstEnergy
FE
$27B
| $24.1M | ﹤0.01% |
620,243
-108,909
| -15% | -$4.27M |
|
1543
PUT
Quanta Services
PWR
$90.8B
| $24.1M | ﹤0.01% |
122,700
-61,700
| -33% | -$10.8M |
|
1544
CALL
Tidewater
TDW
$4.59B
| $24.1M | ﹤0.01% |
434,200
+144,800
| +50% | +$6.63M |
|
1545
CALL
Direxion Daily MSCI Brazil Bull 2X ETF
BRZU
$100M
| $24.1M | ﹤0.01% |
269,300
-102,700
| -28% | -$7.68M |
|
1546
Skyworks Solutions
SWKS
$9.89B
| $24.1M | ﹤0.01% |
217,345
+53,750
| +33% | +$5.67M |
|
1547
PUT
PENN Entertainment
PENN
$2.38B
| $24M | ﹤0.01% |
1,000,400
+310,600
| +45% | +$8.27M |
|
1548
PUT
XP
XP
$9.03B
| $24M | ﹤0.01% |
1,023,200
-3,217,900
| -76% | -$54.6M |
|
1549
CALL
Matador Resources
MTDR
$6.87B
| $23.9M | ﹤0.01% |
457,100
+251,900
| +123% | +$12.2M |
|
1550
PUT
TG Therapeutics
TGTX
$8.48B
| $23.9M | ﹤0.01% |
961,100
+333,200
| +53% | +$8.61M |
|
Similar funds
Jeff Yass's Q2 2023 Portfolio in Review
As of Q2 2023, Jeff Yass held 13,811 positions worth $492B, up 4.6% from $470B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass withdrew a net $23.6B in Q2 2023, closing 1,866 positions and reducing 5,559 holdings. Its most notable exit was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $45.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in State Street SPDR Portfolio Aggregate Bond ETF worth $32.9M.
- Jeff Yass's largest Q2 2023 buy was State Street SPDR Portfolio Aggregate Bond ETF: 1,297,445 shares worth $32.9M.
- Jeff Yass added most to NVIDIA in Q2 2023, an estimated $1.79B increase.
- Jeff Yass's biggest Q2 2023 reduction was Invesco QQQ Trust, cutting an estimated $2.48B.
- Jeff Yass fully exited Vanguard Intermediate-Term Corporate Bond ETF in Q2 2023, selling an estimated $45.5M.
- Jeff Yass's ten largest holdings make up 30% of its $492B portfolio in Q2 2023.
- Jeff Yass opened 1,371 new positions and closed 1,866 in Q2 2023.
- Jeff Yass's portfolio value rose 4.6% quarter-over-quarter to $492B.
Based on Susquehanna International Group's 13F filing for Q2 2023, filed 11 Aug 2023.